SVM Layer1 blockchain Fogo completes $8 million financing, led by The Echonomist

ChainCatcher news, according to TheBlock, the SVM Layer1 blockchain project Fogo has completed a $8 million financing round, led by The Echonomist, with participation from 4 CMS Holdings, Big Brain Collective, and Patrons.

It is reported that the Fogo chain is a new Layer 1 blockchain based on the Solana Virtual Machine (SVM), which completed a $5.5 million seed round financing last month, with Distributed Global leading the seed round with $5 million.